Case 1: A Chinese Company A offered to an Australian Company B, selling them a batch of some goods.Besides some necessary transaction terms and conditions were set out clearly in the offer, the offer alsoindicated that the payment was made by sight L/C and the delivery was to be made within two months afterreceipt of the L/C. Company B replied in their letter that they could accept the offer, but asked forimmediate delivery. However, Company A didn't give any answer to this letter. Then presently CompanyB opened the letter of credit at sight, and indicated "immediate shipment". During that time the marketingprice for the goods was rising greatly. So Company A refused to deliver the goods.Question:(1) Was the sales contract established between two companies?(2) Did Company A have the right to refuse to deliver the goods?

The case involves a transaction between a Chinese company, Company A, and an Australian company,…

Answered: Case 1: A Chinese Company A offered to…

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